A new partnership has been formed between Sompo Canopius and Jackson Lee Underwriting with the goal of boosting the broker market.
The deal offers provision of specialist GAP and excess products for the market as Jackson Lee looks to offer more flexibility and choice on niche products. In addition, the deal makes Jackson Lee a Lloyd’s coverholder – giving it broader access to the Lloyd’s Insurance Market.
Speaking about the deal, Nick Mohan, joint managing director at Jackson Lee Underwriting, outlined that the company hopes to assist in the development of new schemes for its broker partners.
“Being a trusted coverholder is testament to our 25-year-long heritage and proven expertise as a niche lines Underwriting Agency,” he said. “It means that we are able to offer brokers even more confidence in the security of their underwriter which is of particular importance in the current economic climate. Working with Sompo Canopius also allows us the opportunity to develop products in Europe.
“As a preferred partner we have agreed a core range of products and are able to set competitive premiums with clear and simple policy wordings, supported by a first class claims service.”
The company now plans to launch further products for insurance brokers, supported by Sompo Canopius, designed to meet the needs of brokers’ customers.
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